BEIJING, March 8 (Xinhua) -- A draft foreign investment law pending a third reading has a specific section dedicated to foreign investment promotion, says an explanatory document on the draft available to news media Friday.

The draft law aims to improve transparency of foreign investment policies and ensures that foreign-invested enterprises participate in market competition on an equal basis, says the document.

Services for foreign investment will be enhanced, and steps will be taken to encourage and guide foreign investment in accordance with relevant laws and regulations, according to the document.